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Tesla vs VinFast Auto: revenue, profit, margins and growth compared

Tesla brought in $94.8B of revenue in fiscal 2025, VinFast Auto $1.8B in fiscal 2024. Revenue changed by -2.9% at Tesla and +54.7% at VinFast Auto on the year before, so VinFast Auto grew faster. Tesla kept 4.0% of its revenue as net profit, VinFast Auto -175.5%. Free cash flow was $6.2B at Tesla and -$1.9B at VinFast Auto.

Side by side, latest fiscal year

TSLAVFS
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$94.8B$1.8B
Revenue growth-2.9%+54.7%
Net income$3.8B-$3.2B
Net margin4.0%-175.5%
Free cash flow$6.2B-$1.9B
Free cash flow margin6.6%-107.1%
Earnings per share (diluted)$1.08-$1.40
Cash$16.5B$135.9M
Debt$6.6B$939.5M
Price to earnings344.6n/a
Market value$1.47T$7.4B
Dividend yieldn/an/a
Rank by revenue in sector#3 of 451 · Industrials#228 of 451 · Industrials

Over the years

Revenue
TSLA FY2018: $21.5BTSLA FY2019: $24.6BTSLA FY2020: $31.5BTSLA FY2021: $53.8BTSLA FY2022: $81.5BTSLA FY2023: $96.8BTSLA FY2024: $97.7BTSLA FY2025: $94.8BVFS FY2023: $1.2BVFS FY2024: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
TSLA $94.8BVFS $1.8B
Net income
TSLA FY2018: -$976MTSLA FY2019: -$862MTSLA FY2020: $721MTSLA FY2021: $5.5BTSLA FY2022: $12.6BTSLA FY2023: $15BTSLA FY2024: $7.1BTSLA FY2025: $3.8BVFS FY2023: -$2.4BVFS FY2024: -$3.2BFY18FY19FY20FY21FY22FY23FY24FY25
TSLA $3.8BVFS -$3.2B
Net margin
TSLA FY2018: -4.5%TSLA FY2019: -3.5%TSLA FY2020: 2.3%TSLA FY2021: 10.3%TSLA FY2022: 15.4%TSLA FY2023: 15.5%TSLA FY2024: 7.3%TSLA FY2025: 4.0%VFS FY2023: -205.5%VFS FY2024: -175.5%FY18FY19FY20FY21FY22FY23FY24FY25
TSLA 4.0%VFS -175.5%
Revenue growth
TSLA FY2019: +14.5%TSLA FY2020: +28.3%TSLA FY2021: +70.7%TSLA FY2022: +51.4%TSLA FY2023: +18.8%TSLA FY2024: +0.9%TSLA FY2025: -2.9%VFS FY2024: +54.7%FY19FY20FY21FY22FY23FY24FY25
TSLA -2.9%VFS +54.7%
Free cash flow
TSLA FY2018: -$3MTSLA FY2019: $1.1BTSLA FY2020: $2.8BTSLA FY2021: $5BTSLA FY2022: $7.6BTSLA FY2023: $4.4BTSLA FY2024: $3.6BTSLA FY2025: $6.2BVFS FY2023: -$3.3BVFS FY2024: -$1.9BFY18FY19FY20FY21FY22FY23FY24FY25
TSLA $6.2BVFS -$1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Tesla and VinFast Auto

Which is bigger by revenue, Tesla or VinFast Auto?

Tesla is bigger by revenue: $94.8B in fiscal 2025, against $1.8B for VinFast Auto in fiscal 2024.

Which keeps more of its revenue as profit, Tesla or VinFast Auto?

Tesla had a net margin of 4.0% in fiscal 2025; VinFast Auto had -175.5% in fiscal 2024.

Which grew revenue faster, Tesla or VinFast Auto?

In their latest fiscal years revenue changed by -2.9% at Tesla and +54.7% at VinFast Auto.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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